Record growth continues with over 235,000 policyholders

ST. PETERSBURG, Fla., May 1, 2025 /PRNewswire/ -- Neptune Flood, the largest private flood insurance provider in the United States, today announced a significant milestone, surpassing $300 million in premium in force, over 235,000 policyholders, and over $100 billion dollars of insured value. This achievement underscores Neptune's continued leadership in the private flood insurance market, driven by cutting-edge technology, data-driven underwriting, and an unwavering commitment to protecting homeowners and businesses from flood risks.

Neptune's rapid growth has been fueled by its proprietary AI and machine learning-driven platform, which streamlines the flood insurance process, providing instant quotes and superior coverage compared to traditional offerings. By leveraging advanced technology and simplifying the purchasing experience, Neptune continues to bridge the flood insurance gap, ensuring more Americans have access to affordable and comprehensive protection.

"Reaching $300 million in premium in force is a testament to our mission of making flood insurance accessible, affordable, and easy to obtain," said Trevor Burgess, CEO of Neptune Flood. "Our proprietary machine learning models allow us to better assess risk, price policies more accurately, and ultimately provide a superior experience for our customers. But this milestone is also a reflection of something bigger - Neptune's growth demonstrates the scale and strength of the private flood insurance market, which is ready to step in and grow significantly. As the National Flood Insurance Program faces mounting challenges, private insurers like Neptune are prepared to offer a robust, technology-driven alternative that meets the needs of today's homeowners and businesses."

Jean-Luc Eckstein, Neptune's Chief Customer Officer, emphasized the company's customer-centric approach: "At Neptune, our focus has always been on delivering a seamless, simple experience for our policyholders and agents. This milestone reflects not only the strength of our technology but also the dedication of our team to providing outstanding service to those facing flood risks."

Neptune Flood, which launched in 2018, has revolutionized the industry by replacing outdated, cumbersome processes with a seamless, technology-driven experience. As flood risks continue to rise due to climate change and increased development in flood-prone areas, Neptune remains at the forefront of providing innovative solutions to protect communities.

Fast Facts About Neptune Flood

• Policyholders: Over 235,000
• Premium in force: $300 million
• Insured Value: $100 billion
• State with the most policies: Florida
• State with the most policies per capita: South Carolina
• County with the most policies: Harris County, TX
• Claims payments made on Neptune policies: Over $250 million
• Event resulting in most claims: Hurricane Helene (2024)
• Insurance and reinsurance partnerships: 25
• Headquarters: St. Petersburg, FL
• Areas served: 49 states and Washington, D.C. (Alaska coming soon)
• Products offered: Primary and excess private flood insurance, parametric earthquake insurance

For more information about Neptune Flood and its industry-leading private flood insurance solutions, visit neptuneflood.com.

About Neptune Flood
Neptune Flood is the largest private flood insurance provider in the United States, revolutionizing the industry with AI-driven underwriting and machine learning technology. Neptune simplifies the flood insurance process, offering instant, affordable, and comprehensive coverage in minutes—without the delays and complexities of traditional insurance. Operating in 49 states and Washington, D.C., with Alaska launching soon, Neptune is committed to closing the flood insurance gap and making coverage accessible nationwide.

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SOURCE Neptune Flood